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Siemens AG ( ) is a German
multinational Multinational may refer to: * Multinational corporation, a corporate organization operating in multiple countries * Multinational force, a military body from multiple countries * Multinational state, a sovereign state that comprises two or more nat ...
conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Con ...
corporation headquartered in
Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by population, third-largest city in Germany, ...

Munich
and the largest industrial manufacturing company in Europe with branch offices abroad. The principal divisions of the corporation are ''Industry'', ''Energy'', ''Healthcare'' (
Siemens Healthineers Siemens Healthineers AG (formerly Siemens Healthcare, Siemens Medical Solutions, Siemens Medical Systems) is an American- German medical device company. It is the parent company for several medical technology companies and is headquartered in Er ...
), and ''Infrastructure & Cities'', which represent the main activities of the corporation. The corporation is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the corporation's total sales, is its second-most profitable unit, after the industrial automation division. The corporation is a component of the
stock market index In finance, a stock index, or stock market index, is an Index (economics), index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performa ...
. Siemens and its subsidiaries employ approximately 293,000 people worldwide and reported global revenue of around €57 billion in 2020 according to its earnings release.


History


1847 to 1901

Siemens & Halske Siemens & Halske AG (or Siemens-Halske) was a German electrical engineering company that later became part of Siemens Siemens AG ( ) is a German multinational conglomerate corporation headquartered in Munich and the largest industrial ...

Siemens & Halske
was founded by
Werner von Siemens Ernst Werner Siemens (von Siemens from 1888; ; ; 13 December 1816 – 6 December 1892) was a German electrical engineer, inventor and industrialist. Siemens's name has been adopted as the SI unit of electrical conductance, the siemens (unit), si ...

Werner von Siemens
and
Johann Georg Halske Johann Georg Halske (30 July 1814 – 18 March 1890) was a German master mechanic A mechanic is an artisan Wood carver in Bali An artisan (from french: artisan, it, artigiano) is a skilled craft worker who makes or creates material o ...
on 1 October 1847. Based on the
telegraph Telegraphy is the long-distance transmission of messages where the sender uses symbolic codes, known to the recipient, rather than a physical exchange of an object bearing the message. Thus is a method of telegraphy, whereas is not. Ancien ...

telegraph
, their invention used a needle to point to the sequence of letters, instead of using
Morse code Morse code is a method used in telecommunication Telecommunication is the transmission of information by various types of technologies over wire A wire is a single usually cylindrical A cylinder (from Greek Greek may refer to: ...
. The company, then called ''Telegraphen-Bauanstalt von Siemens & Halske'', opened its first workshop on 12 October. In 1848, the company built the first long-distance telegraph line in Europe; 500 km from Berlin to
Frankfurt am Main Frankfurt, officially Frankfurt am Main (; Hessian dialects, Hessian: , "Franks, Frank ford (crossing), ford on the Main (river), Main"; french: Francfort-sur-le-Main), is the most populous city in the States of Germany, German state of Hess ...

Frankfurt am Main
. In 1850, the founder's younger brother, Carl Wilhelm Siemens, later Sir William Siemens, started to represent the company in London. The London agency became a branch office in 1858. In the 1850s, the company was involved in building long-distance telegraph networks in Russia. In 1855, a company branch headed by another brother,
Carl Heinrich von Siemens Carl Heinrich von Siemens (often just Carl von Siemens) (3 March 1829 in Menzendorf, Mecklenburg – 21 March 1906 in Menton, France) was a German entrepreneur, a child (of fourteen) of a tenant farmer of the Siemens family, an old family of Gosla ...

Carl Heinrich von Siemens
, opened in
St Petersburg Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), ...
, Russia. In 1867, Siemens completed the monumental Indo-European telegraph line stretching over 11,000 km from
London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has b ...

London
to
Calcutta Kolkata ( or , ; also known as Calcutta , List of renamed Indian cities and states#West Bengal, the official name until 2001) is the Capital city, capital of the Indian States and union territories of India, state of West Bengal. Located on ...
. In 1867, Werner von Siemens described a
dynamo A dynamo is an that creates using a . Dynamos were the first electrical generators capable of delivering power for industry, and the foundation upon which many other later devices were based, including the , the , and the . Today, the simple ...

dynamo
without permanent magnets. A similar system was also independently invented by
Ányos Jedlik Ányos István Jedlik ( hu, Jedlik Ányos István; sk, Štefan Anián Jedlík; in older texts and publications: la, Stephanus Anianus Jedlik; 11 January 1800 – 13 December 1895) was a Kingdom of Hungary, Hungarian inventor, engineer, ph ...
and
Charles Wheatstone Sir Charles Wheatstone FRS FRSE DCL LLD (6 February 1802 – 19 October 1875), was an English scientist and inventor of many scientific breakthroughs of the Victorian era In the history of the United Kingdom, the Victorian era was ...
, but Siemens became the first company to build such devices. In 1881, a Siemens AC
Alternator An alternator is an electrical generator In electricity generation Electricity generation is the process of generating electric power from sources of primary energy. For electric utility, utilities in the electric power industry, it is the s ...

Alternator
driven by a
watermill A watermill or water mill is a mill that uses hydropower Hydropower (from el, ὕδωρ, "water"), also known as water power, is the use of falling or fast-running water to Electricity generation, produce electricity or to power machines. T ...

watermill
was used to power the world's first electric street lighting in the town of
Godalming Godalming is a historic market town A market town is a European Human settlement, settlement that obtained by custom or royal charter, in the Middle Ages, the right to host market (place), markets (market right), which distinguished it fr ...
, United Kingdom. The company continued to grow and diversified into and
light bulbs An electric light is a device that produces visible light Light or visible light is electromagnetic radiation within the portion of the electromagnetic spectrum The electromagnetic spectrum is the range of frequencies (the spectrum ...
. In 1885, Siemens sold one of its generators to
George Westinghouse George Westinghouse Jr. (October 6, 1846 – March 12, 1914) was an American entrepreneur Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what ...

George Westinghouse
, thereby enabling Westinghouse to begin experimenting with AC networks in Pittsburgh, Pennsylvania. In 1887, Siemens opened its first office in Japan. In 1890, the founder retired and left the running of the company to his brother Carl and sons Arnold and Wilhelm. In 1892, Siemens were contracted to construct the
Hobart Hobart () is the capital Capital most commonly refers to: * Capital letter Letter case (or just case) is the distinction between the letters that are in larger uppercase or capitals (or more formally ''majuscule'') and smaller lowerc ...
electric tramway Image:Hw lh.jpg, Preserved Linke-Hofmann-Busch tram, in Trams in Kraków, Kraków, Poland A tram (in North America streetcar or trolley) is a railroad car, rail vehicle that runs on tramway track public urban streets; some include segments ...
in
Tasmania Tasmania (), abbreviated as TAS, is an island An island (or isle) is an isolated piece of habitat that is surrounded by a dramatically different habitat, such as water. Very small islands such as emergent land features on atol ...
,
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

Australia
as they increased their markets. The system opened in 1893 and became the first complete electric tram network in the Southern Hemisphere.


1901 to 1933

Siemens & Halske (S & H) was incorporated in 1897, and then merged parts of its activities with Schuckert & Co., Nuremberg in 1903 to become
Siemens-Schuckert Siemens-Schuckert (or Siemens-Schuckertwerke) was a German German(s) may refer to: Common uses * of or related to Germany * Germans, Germanic ethnic group, citizens of Germany or people of German ancestry * For citizens of Germany, see also G ...
. In 1907, Siemens (
Siemens & Halske Siemens & Halske AG (or Siemens-Halske) was a German electrical engineering company that later became part of Siemens Siemens AG ( ) is a German multinational conglomerate corporation headquartered in Munich and the largest industrial ...

Siemens & Halske
and
Siemens-Schuckert Siemens-Schuckert (or Siemens-Schuckertwerke) was a German German(s) may refer to: Common uses * of or related to Germany * Germans, Germanic ethnic group, citizens of Germany or people of German ancestry * For citizens of Germany, see also G ...
) had 34,324 employees and was the seventh-largest company in the German empire by number of employees. (see
List of German companies by employees in 1907 This is a list of German companies by employees in 1907. The largest 127 companies of the German Empire The German Empire or the Imperial State of Germany,, officially '.Herbert Tuttle wrote in September 1881 that the term "Reich" does not lit ...
) In 1919, S & H and two other companies jointly formed the
Osram Osram Licht AG (stylized as OSRAM) is a globally active German company headquartered in Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of Bavaria Bavaria (; german: Bayern, , officially the F ...

Osram
lightbulb An electric light is a device that produces visible light from electric power. It is the most common form of artificial lighting and is essential to modern society, providing interior lighting for buildings and exterior light for evening and n ...

lightbulb
company. During the 1920s and 1930s, S & H started to manufacture
radios Radio is the technology of signaling and telecommunication, communicating using radio waves. Radio waves are electromagnetic waves of frequency between 30 hertz (Hz) and 300 gigahertz (GHz). They are generated by an electronic device ...

radios
,
television set A Sony Wega CRT television set A television set or television receiver, more commonly called the television, TV, TV set, tube, telly, or tele, is a device that combines a tuner, display, and loudspeakers, for the purpose of viewing and hearing ...
s, and
electron microscope An electron microscope is a microscope that uses a beam of accelerated electrons as a source of illumination. As the wavelength of an electron can be up to 100,000 times shorter than that of visible light photons, electron microscopes have a high ...

electron microscope
s. In 1932, Reiniger, Gebbert & Schall (Erlangen), Phönix AG (Rudolstadt) and Siemens-Reiniger-Veifa mbH (Berlin) merged to form the
Siemens-Reiniger-Werke AG Siemens Communications was the Telecommunication, communications and information business arm of Germany, German industrial Conglomerate (company), conglomerate Siemens AG, until 2006. It was the largest division of Siemens, and had two business uni ...
(SRW), the third of the so-called parent companies that merged in 1966 to form the present-day Siemens AG. In the 1920s, Siemens constructed the
Ardnacrusha Ardnacrusha ( ga, Ard na Croise) is a village in County Clare County Clare ( ga, Contae an Chláir) is a county in Ireland Ireland (; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the North Atlantic Ocean, North ...
Hydro Power station on the
River Shannon The River Shannon ( ga, Abhainn na Sionainne, ', '), at in length, is the longest Rivers of Ireland, river in the British Isles.ESManage Project: Irish Freshwater Resources and Assessment of Ecosystem Services Provision - Environmental Protectio ...
in the then
Irish Free State The Irish Free State ( ga, Saorstát Éireann, , ; 6 December 192229 December 1937) was a state State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of St ...
, and it was a world first for its design. The company is remembered for its desire to raise the wages of its under-paid workers only to be overruled by the
Cumann na nGaedheal Cumann na nGaedheal (; "Society of the Gaels The Gaels ( ; ga, Na Gaeil ; gd, Na Gàidheil ; gv, Ny Gaeil ) are an ethnolinguistic group An ethnolinguistic group (or ethno-linguistic group) is a group that is unified by both a comm ...
government.


1933 to 1945

Siemens (at the time:
Siemens-Schuckert Siemens-Schuckert (or Siemens-Schuckertwerke) was a German German(s) may refer to: Common uses * of or related to Germany * Germans, Germanic ethnic group, citizens of Germany or people of German ancestry * For citizens of Germany, see also G ...
) exploited the forced labour of deported people in
extermination camps Nazi Germany Nazi Germany, (lit. "National Socialist State"), ' (lit. "Nazi State") for short; also ' (lit. "National Socialist Germany") officially known as the German Reich from 1933 until 1943, and the Greater German Reich fro ...
. The company owned a plant in
Auschwitz concentration camp The Auschwitz concentration camp () was a complex of over 40 concentration In chemistry Chemistry is the study of the properties and behavior of . It is a that covers the that make up matter to the composed of s, s and s: their ...

Auschwitz concentration camp
. Siemens exploited the forced labour of women in the concentration camp of Ravensbrück. The factory was located in front of the camp. During the final years of
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a global war A world war is "a war War is an intense armed conflict between states State may refer to: Arts, entertainment, and media Literatur ...
, numerous plants and factories in Berlin and other major cities were destroyed by Allied air raids. To prevent further losses, manufacturing was therefore moved to alternative places and regions not affected by the air war. The goal was to secure continued production of important war-related and everyday goods. According to records, Siemens was operating almost 400 alternative or relocated manufacturing plants at the end of 1944 and in early 1945. In 1972, Siemens sued German satirist F.C. Delius for his satirical history of the company, ''Unsere Siemenswelt'', and it was determined much of the book contained false claims although the trial itself publicized Siemens' history in Nazi Germany. The company supplied electrical parts to
Nazi concentration camps From 1933 to 1945, Nazi Germany Nazi Germany, (lit. "National Socialist State"), ' (lit. "Nazi State") for short; also ' (lit. "National Socialist Germany") officially known as the German Reich from 1933 until 1943, and the Greater ...
and
death camps Nazi Germany Nazi Germany, (lit. "National Socialist State"), ' (lit. "Nazi State") for short; also ' (lit. "National Socialist Germany") officially known as the German Reich. until 1943 and Greater German Reich. from 1943 to 1945, was ...
. The factories had poor working conditions, where malnutrition and death were common. Also, the scholarship has shown that the camp factories were created, run, and supplied by the , in conjunction with company officials, sometimes high-level officials.


1945 to 2001

In the 1950s, and from their new base in
Bavaria Bavaria (; German German(s) may refer to: Common uses * of or related to Germany * Germans, Germanic ethnic group, citizens of Germany or people of German ancestry * For citizens of Germany, see also German nationality law * German language ...

Bavaria
, S&H started to manufacture
computer A computer is a machine that can be programmed to Execution (computing), carry out sequences of arithmetic or logical operations automatically. Modern computers can perform generic sets of operations known as Computer program, programs. These ...

computer
s,
semiconductor device A device is an that relies on the properties of a material (primarily , , and , as well as s) for its function. Semiconductor devices have replaced s in most applications. They in the , rather than as free electrons across a (typically l ...
s,
washing machines A washing machine (laundry machine, clothes washer, or washer) is a home appliance A home appliance, also referred to as a domestic appliance, an electric appliance or a household appliance, is a machine which assists in household A househ ...
, and
pacemakers A cardiac pacemaker (or artificial pacemaker, so as not to be confused with the cardiac pacemaker, natural pacemaker of the heart), is a medical device that generates electrical impulses delivered by electrodes to cause the heart muscle chambers ...
. In 1966,
Siemens & Halske Siemens & Halske AG (or Siemens-Halske) was a German electrical engineering company that later became part of Siemens Siemens AG ( ) is a German multinational conglomerate corporation headquartered in Munich and the largest industrial ...

Siemens & Halske
(S&H, founded in 1847),
Siemens-Schuckert Siemens-Schuckert (or Siemens-Schuckertwerke) was a German German(s) may refer to: Common uses * of or related to Germany * Germans, Germanic ethnic group, citizens of Germany or people of German ancestry * For citizens of Germany, see also G ...
werke (SSW, founded in 1903) and
Siemens-Reiniger-Werke Siemens Communications was the communication Communication (from Latin ''communicare'', meaning "to share") is the act of developing Semantics, meaning among Subject (philosophy), entities or Organization, groups through the use of sufficiently ...
(SRW, founded in 1932) merged to form Siemens AG. In 1969, Siemens formed Kraftwerk Union with
AEG ''Allgemeine Elektricitäts-Gesellschaft AG'' (AEG; ) was a German German(s) may refer to: Common uses * of or related to Germany * Germans, Germanic ethnic group, citizens of Germany or people of German ancestry * For citizens of Germany ...

AEG
by pooling their nuclear power businesses. The company's first digital telephone exchange was produced in 1980. In 1988, Siemens and
GEC GEC or Gec may refer to: Education * Gedo Education Committee, in Somalia * Glen Eira College, in Caulfield East, Victoria, Australia * Goa Engineering College, India * Government Engineering College (disambiguation) * Guild for Exceptional Ch ...
acquired the UK defence and technology company
Plessey The Plessey Company plc was a British electronics, defence and telecommunications company. It originated in 1917, growing and diversifying into electronics. It expanded after the Second World War World War II or the Second World Wa ...
. Plessey's holdings were split, and Siemens took over the
avionics Avionics are the electronic Electronic may refer to: *Electronics Electronics comprises the physics, engineering, technology and applications that deal with the emission, flow and control of electrons in vacuum and matter. It uses active d ...

avionics
,
radar Radar (radio detection and ranging) is a detection system that uses radio waves to determine the distance (''ranging''), angle, or velocity of objects. It can be used to detect aircraft, Marine radar, ships, spacecraft, guided missiles, motor ...

radar
and traffic control businesses—as
Siemens Plessey Siemens Plessey was the name given to the Plessey The Plessey Company plc was a British electronics, defence and telecommunications company. It originated in 1917, growing and diversifying into electronics. It expanded after the Second World Wa ...
. In 1977,
Advanced Micro Devices Advanced Micro Devices, Inc. (AMD) is an American multinational company, multinational semiconductor industry, semiconductor company based in Santa Clara, California, Santa Clara, California, that develops computer processors and related techno ...
(AMD) entered into a joint venture with Siemens, which wanted to enhance its technology expertise and enter the American market.Malerba, Franco
''The Semiconductor Business: The Economics of Rapid Growth and Decline''
University of Wisconsin Press, 1985. p. 166.
Siemens purchased 20% of AMD's stock, giving the company an infusion of cash to increase its product lines. The two companies also jointly established Advanced Micro Computers (AMC), located in Silicon Valley and in Germany, allowing AMD to enter the
microcomputer A microcomputer is a small, relatively inexpensive computer with a microprocessor as its central processing unit (CPU). It includes a microprocessor, Computer memory, memory and minimal input/output (I/O) circuitry mounted on a single printed ci ...
development and manufacturing field,Rodengen, p. 60. in particular based on AMD's second-source
Zilog Zilog, Inc. is an American manufacturer of 8-bit In computer architecture, 8-bit integer (computer science), integers or other data#Uses of data in computing, data units are those that are 8 bits wide (1 octet). Also, 8-bit central proc ...
Z8000 The Z8000 ("''zee-'' or ''zed-eight-thousand''") is a 16-bit 16-bit microcomputers are computers in which 16-bit microprocessors were the norm. A 16-bit register can store 216 different values. The range (computer programming), range of intege ...
microprocessors. When the two companies' vision for Advanced Micro Computers diverged, AMD bought out Siemens' stake in the American division in 1979. AMD closed Advanced Micro Computers in late 1981 after switching focus to manufacturing second-source Intel x86 microprocessors.Freiberger, Paul
"AMD sued for alleged misuse of subsidiary's secrets"
''
InfoWorld ''InfoWorld'' (abbreviated IW) is an information technology media business. Founded in 1978, it began as a monthly magazine. In 2007, it transitioned to a web-only publication. Its parent company today is International Data Group Internation ...
''. 20 June 1983. p. 28.
Swaine, Michael
"Eight Companies to produce the 8086 chip"
''
InfoWorld ''InfoWorld'' (abbreviated IW) is an information technology media business. Founded in 1978, it began as a monthly magazine. In 2007, it transitioned to a web-only publication. Its parent company today is International Data Group Internation ...
''. 30 November 1981. p. 78.
In 1985, Siemens bought
Allis-Chalmers Allis-Chalmers was a U.S. The United States of America (USA), commonly known as the United States (U.S. or US), or America, is a country primarily located in North America North America is a continent entirely within the North ...
' interest in the partnership company Siemens-Allis (formed 1978) which supplied electrical control equipment. It was incorporated into Siemens' Energy and Automation division. In 1987, Siemens reintegrated Kraftwerk Union, the unit overseeing nuclear power business. In 1989, Siemens bought the solar photovoltaic business, including 3 solar module manufacturing plants, from industry pioneer ARCO Solar, owned by oil firm
ARCO ARCO ( ) can either refer to a brand of gasoline stations owned by BP since 2000 in Northern California, Oregon and Washington; a brand of gasoline stations owned by Marathon Petroleum Marathon Petroleum Corporation is an American petroleum ...

ARCO
. In 1991, Siemens acquired
Nixdorf Computer AG Nixdorf Computer AG was a West Germany, West German computer company founded by Heinz Nixdorf in 1952. Headquartered in Paderborn, Germany, it became the fourth largest computer company in Europe, and a worldwide specialist in banking and point-o ...
and renamed it
Siemens Nixdorf Informationssysteme Siemens Nixdorf Informationssysteme, AG (SNI) was formed in 1990 by the merger of Nixdorf Computer Nixdorf Computer AG was a West Germany, West German computer company founded by Heinz Nixdorf in 1952. Headquartered in Paderborn, Germany, it ...
AG, in order to produce
personal computer A personal computer (PC) is a multi-purpose computer whose size, capabilities, and price make it feasible for individual use. Personal computers are intended to be operated directly by an end user, rather than by a computer expert or technician ...
s. In October 1991, Siemens acquired the Industrial Systems Division of
Texas Instruments Texas Instruments Incorporated (TI) is an America The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America North America is a ...
, Inc, based in
Johnson City, Tennessee Johnson City is a city in Washington County, Tennessee, Washington, Carter County, Tennessee, Carter, and Sullivan County, Tennessee, Sullivan counties in the U.S. state of Tennessee, mostly in Washington County. As of the 2020 United States censu ...
. This division was organized as Siemens Industrial Automation, Inc., and was later absorbed by Siemens Energy and Automation, Inc. In 1992, Siemens bought out
IBM International Business Machines Corporation (IBM) is an American multinational technology company headquartered in Armonk, New York, with operations in over 170 countries. The company began in 1911, founded in Endicott, New York, as the C ...

IBM
's half of
ROLM ROLM Corporation was a technology company founded in Silicon Valley Silicon Valley is a region in the southern part of the San Francisco Bay Area The San Francisco Bay Area, popularly referred to as the Bay Area or simply the Bay, is a pop ...
(Siemens had bought into ROLM five years earlier), thus creating SiemensROLM Communications; eventually dropping ROLM from the name later in the 1990s. In 1993–1994,
Siemens C651 The trains manufactured by Siemens (SIE) under Contract 651 (C651), sometimes abbreviated to SIE C651 are the second generation electric multiple unit rolling stock in operation on the North South MRT line, North South and East West MRT line, Eas ...

Siemens C651
electric trains for Singapore's Mass Rapid Transit (MRT) system were built in Austria. In 1997, Siemens agreed to sell the defence arm of
Siemens Plessey Siemens Plessey was the name given to the Plessey The Plessey Company plc was a British electronics, defence and telecommunications company. It originated in 1917, growing and diversifying into electronics. It expanded after the Second World Wa ...
to
British Aerospace British Aerospace plc (BAe) was a British aircraft manufacturer, aircraft, munitions and defence-systems manufacturer. Its head office was at Warwick House in the Farnborough Aerospace Centre in Farnborough, Hampshire. Formed in 1977, in 1999 ...
(BAe) and a German aerospace company,
DaimlerChrysler Aerospace DASA (officially Deutsche Aerospace AG, later Daimler-Benz Aerospace AG, then DaimlerChrysler Aerospace AG) was a German aerospace manufacturer. It was created during 1989 as the aerospace subsidiary arm of Daimler-Benz, Daimler-Benz AG (later D ...
. BAe and DASA acquired the British and German divisions of the operation respectively. In October 1997,
Siemens Financial Services Siemens Financial Services (SFS) is a Division of Siemens. The company’s global headquarters is in Munich, Germany. SFS offers international financing solutions in the business-to-business area. Financial Services serves Siemens as well as other ...
(SFS) was founded to act as a competence center for financing issues and as a manager of financial risks within Siemens. In 1998, Siemens acquired Westinghouse Power Generation for more than $1.5 billion from the
CBS Corporation The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation The Westinghouse Electric Corporation was an American manufacturing company founded in 1886 by George Westinghouse G ...
and moving Siemens from third to second in the world power generation market. In 1999, Siemens' semiconductor operations were spun off into a new company called
Infineon Technologies Infineon Technologies AG is a Germans, German semiconductor manufacturer founded in 1999, when the semiconductor operations of the former parent company Siemens, Siemens AG were spun off. Infineon has about 46,665 employees and is one of the ten ...
. Its Electromechanical Components operations were converted into a legally independent company: Siemens Electromechanical Components GmbH & Co. KG, (which, later that year, was sold to Tyco International Ltd for approximately $1.1 billion. In the same year, Siemens Nixdorf Informationssysteme AG became part of
Fujitsu Siemens Computers Fujitsu Siemens Computers GmbH was a Japanese and German German(s) may refer to: Common uses * of or related to Germany * Germans, Germanic ethnic group, citizens of Germany or people of German ancestry * For citizens of Germany, see also Ge ...
AG, with its
retail banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank A bank is a financial institution Financial institutions, otherwise known as banking institutions, are corporation A co ...
technology group becoming
Wincor Nixdorf Wincor Nixdorf was a German corporation that provided retail and retail banking hardware, software, and services. Wincor Nixdorf was engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ...

Wincor Nixdorf
. In 2000, Shared Medical Systems Corporation was acquired by the Siemens' Medical Engineering Group, eventually becoming part of
Siemens Medical Solutions Siemens Healthineers AG (formerly Siemens Healthcare, Siemens Medical Solutions, Siemens Medical Systems) is the parent company for several medical technology companies and is headquartered in Erlangen, Germany. The company dates its early beginnin ...
. Also in 2000, Atecs-Mannesman was acquired by Siemens, The sale was finalised in April 2001 with 50% of the shares acquired, acquisition, ''Mannesmann VDO AG'' merged into Siemens Automotive forming Siemens VDO Automotive AG, ''Atecs Mannesmann Dematic Systems'' merged into Siemens Production and Logistics forming Siemens Dematic AG, ''Mannesmann Demag Delaval'' merged into the Power Generation division of Siemens AG. Other parts of the company were acquired by
Robert Bosch GmbH Robert Bosch GmbH (; ), commonly known as Bosch, is a German multinational Multinational may refer to: * Multinational corporation, a corporate organization operating in multiple countries * Multinational force, a military body from multiple c ...
at the same time. Also, Moore Products Co. of Spring House, PA USA was acquired by Siemens Energy & Automation, Inc.


2001 to 2005

In 2001, Chemtech Group of Brazil was incorporated into the Siemens Group; it provides industrial process optimisation, consultancy and other engineering services. Also in 2001, Siemens formed joint venture
Framatome Framatome () is a French nuclear reactor business. It is owned by Électricité de France (EDF) (75.5%), Mitsubishi Heavy Industries (19.5%), and Assystem (5%). The company first formed in 1958 to license Westinghouse Electric (1886), Westinghou ...
with
Areva SA Areva S.A. was a French multinational Multinational may refer to: * Multinational corporation, a corporate organization operating in multiple countries * Multinational force, a military body from multiple countries * Multinational state, a sover ...
of France by merging much of the companies' nuclear businesses. In 2002, Siemens sold some of its business activities to Kohlberg Kravis Roberts & Co. L.P. (KKR), with its metering business included in the sale package. In 2002, Siemens abandoned the solar photovoltaic industry by selling its participation in a joint-venture company, established in 2001 with
Shell Shell may refer to: Architecture and design * Shell (structure)A shell is a type of structural element which is characterized by its geometry, being a three-dimensional solid whose thickness is very small when compared with other dimensions, and ...
and
E.ON E.ON SE is a European electric utility company based in Essen Essen (; Latin Latin (, or , ) is a classical language belonging to the Italic languages, Italic branch of the Indo-European languages. Latin was originally spoken in the area a ...
, to Shell. In 2003, Siemens acquired the flow division of
Danfoss Danfoss is a Danish multinational company, based in Denmark Denmark ( da, Danmark, ) is a Nordic country The Nordic countries, or the Nordics, are a geographical and cultural region In geography, regions are areas that are broadly ...
and incorporated it into the Automation and Drives division. Also in 2003 Siemens acquired IndX software (realtime data organisation and presentation). The same year in an unrelated development Siemens reopened its office in
Kabul Kabul (; ps, , translit=Kābəl, ; prs, , translit=Kābol, ) is the capital Capital most commonly refers to: * Capital letter Letter case (or just case) is the distinction between the letters that are in larger uppercase or capital ...

Kabul
. Also in 2003 agreed to buy Alstom Industrial Turbines; a manufacturer of small, medium and industrial gas turbines for €1.1 billion. On 11 February 2003, Siemens planned to shorten phones' shelf life by bringing out annual Xelibri lines, with new devices launched as spring -summer and autumn-winter collections. On 6 March 2003, the company opened an office in San Jose. On 7 March 2003, the company announced that it planned to gain 10 per cent of the mainland China market for handsets. On 18 March 2003, the company unveiled the latest in its series of Xelibri fashion phones. In 2004, the wind energy company Bonus Energy in Brande, Denmark was acquired, forming
Siemens Wind Power Siemens AG ( ) is a German Multinational corporation, multinational Conglomerate (company), conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad. The principal div ...
division. Also in 2004 Siemens invested in Dasan Networks (South Korea, broadband network equipment) acquiring ~40% of the shares, Nokia Siemens disinvested itself of the shares in 2008. The same year Siemens acquired Photo-Scan (UK,
CCTV Closed-circuit television (CCTV), also known as video surveillance, is the use of video cameras to transmit a signal to a specific place, on a limited set of monitors. It differs from broadcast television in that the signal is not openly tra ...

CCTV
systems), US Filter Corporation (water and Waste Water Treatment Technologies/ Solutions, acquired from
Veolia Veolia Environnement S.A., branded as Veolia, is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water resource management, water management, waste management ...

Veolia
), Hunstville Electronics Corporation (automobile electronics, acquired from
Chrysler Chrysler (; officially Stellantis North America) is one of the " Big Three" automobile manufacturer The automotive industry comprises a wide range of companies A company, abbreviated as co., is a legal entity In law, a legal pers ...

Chrysler
), and Chantry Networks (
WLAN A wireless LAN (WLAN) is a wireless computer network that links two or more devices using wireless communication Wireless communication (or just wireless, when the context allows) is the transfer of information between two or more point ...
equipment). In 2005, Siemens sold the Siemens mobile manufacturing business to BenQ, forming the
BenQ-Siemens BenQ Mobile GmbH & Co. General partnership, OHG was the mobile communications subsidiary of Taiwanese BenQ, BenQ Corporation, selling products under the BenQ-Siemens brand. The group, based in Munich, Germany, was formed out of BenQ's acquisit ...
division. Also in 2005 Siemens acquired Flender Holding GmbH ( Bocholt, Germany, gears/industrial drives), Bewator AB (building security systems), Wheelabrator Air Pollution Control, Inc. (Industrial and power station dust control systems), AN Windenergie GmbH. (Wind energy), Power Technologies Inc. (
Schenectady Schenectady () is a city A city is a large human settlement.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. ...
, USA, energy industry software and training), CTI Molecular Imaging (
Positron emission tomography Positron emission tomography (PET) is a functional imaging technique that uses radioactive substances known as radiotracers to visualize and measure changes in Metabolism, metabolic processes, and in other physiological activities including blo ...
and
molecular imaging Molecular imaging is a field of medical imaging that focuses on imaging molecules of medical interest within living patients. This is in contrast to conventional methods for obtaining molecular information from preserved tissue samples, such as his ...
systems), Myrio (
IPTV Internet Protocol television (IPTV) is the delivery of television Television, sometimes shortened to TV or telly, is a telecommunication Media (communication), medium used for transmitting moving images in grayscale, black-and-white ...

IPTV
systems), Shaw Power Technologies International Ltd (UK/USA, electrical engineering consulting, acquired from
Shaw Group The Shaw Group was a Fortune 500 company headquartered in Baton Rouge, Louisiana with approximately 25,000 employees and $6 billion in FY2012 revenue. Shaw provided engineering, construction, maintenance, technology, fabrication, remediation, and s ...
), and Transmitton (
Ashby de la Zouch Ashby-de-la-Zouch or Ashby de la Zouch () is a market town and civil parish In England, a civil parish is a type of administrative parish used for local government. It is a territorial designation which is the lowest tier of local governm ...
UK, rail and other industry control and asset management).


2005 and continuing: worldwide bribery scandal

Beginning in 2005, Siemens became embroiled in a multi-national bribery scandal. One component of this scandal was the Siemens Greek bribery scandal over deals between Siemens and Greek government officials during the 2004 Summer Olympic Games. Siemens' activities came under legal scrutiny when complaints from prosecutors in Italy, Liechtenstein and Switzerland lead to German authorities opening investigations, followed by a US investigation in 2006 concerning their activities while listed on US stock exchanges. The investigators found that bribing officials to win contracts was
standard operating procedure A standard operating procedure (SOP) is a set of step-by-step instructions compiled by an organization An organization, or organisation (Commonwealth English The use of the English language English is a of the , originally ...
. Over that time period the company paid around $1.3 billion in bribes in many countries and kept separate books to hide them. Settlement negotiations took place through most of 2008 with settlement terms announced in December 2008. The company paid a total of about $1.6 billion, around $800 million in each of the US and Germany. This was the largest bribery fine in history, at the time. The company was also obligated to spend $1 billion on setting up and funding new internal compliance regimens. Siemens pleaded guilty to violating accounting provisions of the
Foreign Corrupt Practices Act The Foreign Corrupt Practices Act of 1977 (FCPA) (, ''et seq.'') is a United States federal law The law of the United States comprises many levels of codified and uncodified forms of law, of which the most important is the nation's Constituti ...
; the parent company did not plead guilty to paying bribes (although its Bangladesh and Venezuela subsidiaries did). In 2005 Germany opened investigations into Siemens business practices worldwide, prompted by requests from prosecutors in Italy, Liechtenstein and Switzerland; US investigators joined in 2006 and the US investigators addressed violations only since 2001, when Siemens started selling shares in a US stock exchange. The investigators found that bribing officials to win contracts was
standard operating procedure A standard operating procedure (SOP) is a set of step-by-step instructions compiled by an organization An organization, or organisation (Commonwealth English The use of the English language English is a of the , originally ...
. Over that time period the company paid around $1.3 billion in bribes in many countries and kept separate books to hide them. Fines were anticipated to be as high as $5 billion as the investigation unfolded. Settlement negotiations took place through most of 2008 and when they were announced in December they were far less, driven in part by Siemens' cooperation, in part by the imminent change in US administrations (the
Obama administration Barack Obama's tenure as the List of presidents of the United States, 44th president of the United States began with First inauguration of Barack Obama, his first inauguration on January 20, 2009, and ended on January 20, 2017. Obama, a Democr ...
was about to take over from the Bush administration), and in part by the dependence of the US military on Siemens as a contractor. The company paid a total of about $1.6 billion, around $800 million in each of the US and Germany. This was the largest bribery fine in history, at the time. The money paid to Germany included a $270 million fine paid the year before (related to bribes in Nigeria). The US payment included $450 million in fines and penalties and a forfeiture of $350 million in profits. The company was also obligated to spend $1 billion on setting up and funding new internal compliance regimens. Siemens pleaded guilty to violating accounting provisions of the
Foreign Corrupt Practices Act The Foreign Corrupt Practices Act of 1977 (FCPA) (, ''et seq.'') is a United States federal law The law of the United States comprises many levels of codified and uncodified forms of law, of which the most important is the nation's Constituti ...
; the parent company did not plead guilty to paying bribes (although its Bangladesh and Venezuela subsidiaries did); such a guilty plea would have barred Siemens from contracting for the US government. As the scandal had started breaking, Siemens had fired its chairman and CEO
Heinrich von Pierer Heinrich von Pierer (exactly ''Heinrich Karl Friedrich Eduard Pierer von Esch'') (born 26 January 1941 in Erlangen) is a German Management, manager. From 1992 to 2005, he was CEO of Siemens AG. Subsequently, he was chairman of the supervisory board ...

Heinrich von Pierer
, and had hired its first non-German CEO, Peter Löscher; it also had appointed a US lawyer, Peter Solmssen as an independent director to its board, in charge of compliance, and had accepted oversight of Theo Waigel, a former German finance minister, as a "compliance monitor". The compliance overhaul eventually entailed hiring around 500 full-time compliance personnel worldwide. Siemens also enacted a series of new anti-corruption compliance policies, including a new anti-corruption handbook, web-based tools for due diligence and compliance, a confidential communications channel for employees to report irregular business practices, and a corporate disciplinary committee to impose appropriate disciplinary measures for substantiated misconduct. The culture of bribery was old in Siemens, and led to the 1914 Siemens scandal, scandal in Japan over bribes paid by both Siemens and Vickers to Japanese naval authorities to win shipbuilding contracts. The culture of bribery had further had grown up inside Siemens after World War II as Siemens attempted to rebuild its business by competing in the developing world, where bribery is common. Until 1999 in Germany, bribes were a tax-deductible business expense, and there were no penalties for bribing foreign officials. In 1999 the OECD Anti-Bribery Convention came into effect, to which Germany was a party, and Siemens started to use off-shore accounts and other means of hiding its bribery. As the investigation opened a midlevel executive in the telecommunications unit, Reinhard Slekaczek, was identified as a key player; Slekaczek quit Siemens in 2005 after the company required him to sign a document saying he had followed law and company policy, and turned state's evidence and led investigators to documents he had saved and to other documents. He had controlled an annual global bribery budget of $40 to $50 million. The usual method of bribery was to pay a local insider as a "contractor" who would in turn pass money to government officials; as part of the settlement Siemens disclosed that it had 2,700 such contractors worldwide. Bribes were generally around 5% of a contract's value but in very corrupt countries they could be as high as 40%. It paid the highest bribes in Argentina, Israel, Venezuela, China, Nigeria, and Russia. Examples of bribery the investigation found included: * $40 million in bribes in Argentina to win a $1 billion contract to make national identity cards. * $20 million in Israel for a contract to build power plants * $16 million in Venezuela for urban rail lines. * $14 million In China for medical equipment * $12.7 million in payments in Nigeria * $5 million in Bangladesh for mobile phones * $1.7 million in Iraq to Saddam Hussein and others. The investigation led directly to several prosecutions while it was unfolding, and led to settlements with other governments and prosecution of Siemens employees and bribe recipients in various countries. In May 2007 a German court convicted two former executives of paying about €6 million in bribes from 1999 to 2002 to help Siemens win natural gas Gas turbine, turbine supply contracts with Enel, an Italian energy company. The contracts were valued at about €450 million. Siemens was fined €38 million. In July 2009, Siemens settled allegations of fraud by a Russian affiliate in a World Bank-funded mass transit project in Moscow by agreeing to not bid on World Bank projects for two years, not allowing the Russian affiliate to do any World Bank funded work for four years, and setting up a $100 million fund at the World Bank to fund anti-corruption activities over 15 years, over which the World Bank had veto and audit rights; this fund became the "Siemens Integrity Initiative". The first payments were made out of the funds in 2010 in a tranche of $40 million. A second set of projects was funded in 2014 totaling $30 million. Siemens paid N7 billion to the Nigerian government in 2010. In 2012, the Greek government settled the Siemens Greek bribery scandal, Greek bribery scandal for 330 million euros. The trial of the persons accused of involvement in the scandal began on 24 February 2017. A total of 64 individuals are accused, both Greek and German nationals. The central figure of the scandal however, ex-Siemens chief executive in Greece Michael Christoforakos, against whom European arrest warrants are pending will likely be absent, as Germany refuses his extradition to this day. Initially arrested in Germany in 2009, the accusations against him by German courts have been dropped, and he since lives free in this country. Greece has been demanding his extradition since 2009, and considers him a fugitive from justice. In 2014 a former Siemens executive Andres Truppel pleaded guilty to funneling nearly $100 million in bribes to Argentine government officials to win the ID card project for Siemens. In 2014 Israeli prosecutors decreed that Siemens should pay US$42.7 million penalty and appoint an external inspector to supervise its business in Israel in exchange for state prosecutors dropping charges of securities fraud. According to the indictment, "Siemens systematically paid bribes to Israel Electric Corporation executives so they would utilize their positions in order to favor and advance the interests of Siemens".


2006 to 2011

In 2006, Siemens purchased Bayer Diagnostics which was incorporated into the Medical Solutions Diagnostics division on 1 January 2007, also in 2006 Siemens acquired Controlotron (New York) (ultrasonic flow meters) Also in 2006 Siemens acquired Diagnostic Products Corp., Kadon Electro Mechanical Services Ltd. (now TurboCare Canada Ltd.), Kühnle, Kopp, & Kausch AG, Opto Control, and VistaScape Security Systems. In January 2007, Siemens was fined €396 million by the European Commission for price fixing in EU electricity markets through a cartel involving 11 companies, including ABB Asea Brown Boveri, ABB, Alstom, Fuji Electric, Hitachi Japan, AE Power Systems, Mitsubishi Electric Corp, Schneider Electric, Schneider, Areva, Toshiba and VA Tech Wabag, VA Tech. According to the commission, "between 1988 and 2004, the companies rigged bids for procurement contracts, fixed prices, allocated projects to each other, shared markets and exchanged commercially important and confidential information." Siemens was given the highest fine of €396 million, more than half of the total, for its alleged leadership role in the activity. In March 2007, a Siemens board member was temporarily arrested and accused of illegally financing a business-friendly labour association which competes against the union IG Metall. He has been released on bail. Offices of the labour union and of Siemens have been searched. Siemens denies any wrongdoing. In April the Fixed Networks, Mobile Networks and Carrier Services divisions of Siemens merged with Nokia's Network Business Group in a 50/50 joint venture, creating a fixed and mobile network company called Nokia Siemens Networks. Nokia delayed the merger due to bribery investigations against Siemens.International Herald Tribune
''Bribery trial deepens Siemens woes''
, 13 March 2007
In October 2007, a court in Munich found that the company had bribed public officials in Libya, Russia, and Nigeria in return for the awarding of contracts; four former Nigerian Ministers of Communications were among those named as recipients of the payments. The company admitted to having paid the bribes and agreed to pay a fine of 201 million euros. In December 2007, the Nigerian government cancelled a contract with Siemens due to the bribery findings. Also in 2007, Siemens acquired Vai Ingdesi Automation (Argentina, Industrial Automation), UGS Corp., Dade Behring, Sidelco (Quebec, Canada), S/D Engineers Inc., and Gesellschaft für Systemforschung und Dienstleistungen im Gesundheitswesen mbH (GSD) (Germany). In July 2008, Siemens AG formed a joint venture of the Siemens Enterprise Communications, Enterprise Communications business with the Gores Group, renamed Unify GmbH & Co. KG, Unify in 2013. The Gores Group holding a majority interest of 51% stake, with Siemens AG holding a minority interest of 49%. In August 2008, Siemens Project Ventures invested $15 million in the Arava Power Company. In a press release published that month, Peter Löscher, President and CEO of Siemens AG said: "This investment is another consequential step in further strengthening our green and sustainable technologies". Siemens now holds a 40% stake in the company. In January 2009, Siemens sold its 34% stake in Framatome, complaining limited managerial influence. In March, it formed an alliance with Rosatom of Russia to engage in nuclear-power activities. In April 2009,
Fujitsu Siemens Computers Fujitsu Siemens Computers GmbH was a Japanese and German German(s) may refer to: Common uses * of or related to Germany * Germans, Germanic ethnic group, citizens of Germany or people of German ancestry * For citizens of Germany, see also Ge ...
became Fujitsu Technology Solutions as a result of Fujitsu buying out Siemens' share of the company. In June 2009 news broke that Nokia Siemens had supplied telecommunications equipment to the Iranian telecom company that included the ability to intercept and monitor telecommunications, a facility known as "lawful intercept". The equipment was believed to have been used in the suppression of the 2009 Iranian election protests, leading to criticism of the company, including by the European Parliament. Nokia Siemens later divested its call monitoring business, and reduced its activities in Iran. In October 2009, Siemens signed a $418 million contract to buy Solel, Solel Solar Systems, an Israeli company in the solar thermal power business. Retrieved 4 May 2011. In December 2010, Siemens agreed to sell its IT Solutions and Services subsidiary for €850 million to Atos. As part of the deal, Siemens agreed to take a 15% stake in the enlarged Atos, to be held for a minimum of five years. In addition, Siemens concluded a seven-year outsourcing contract worth around €5.5 billion, under which Atos will provide managed services and systems integration to Siemens.


2011 to present

In March 2011, it was decided to list
Osram Osram Licht AG (stylized as OSRAM) is a globally active German company headquartered in Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of Bavaria Bavaria (; german: Bayern, , officially the F ...

Osram
on the stock market in the autumn, but CEO Peter Löscher said Siemens intended to retain a long-term interest in the company, which was already independent from the technological and managerial viewpoints. In September 2011, Siemens, which had been responsible for constructing all 17 of Germany's existing nuclear power plants, announced that it would exit the nuclear sector following the Fukushima Daiichi nuclear disaster, Fukushima disaster and the subsequent changes to German energy policy. Chief executive Peter Löscher has supported the German government's planned ''Energiewende'', its transition to renewable energy technologies, calling it a "project of the century" and saying Berlin's target of reaching 35% renewable energy sources by 2020 was feasible. In November 2012, Siemens acquired the Rail division of Invensys for £1.7 billion. In the same month, Siemens acquired a privately held company, LMS International NV. In August 2013, Nokia acquired 100% of the company Nokia Siemens Networks, with a buy-out of Siemens AG, ending Siemens role in telecommunication. In August 2013, Siemens won a $966.8 million order for power plant components from oil firm Saudi Aramco, the largest bid it has ever received from the Saudi company. In 2014, Siemens announced plans to build a $264 million facility for making offshore wind turbines in Paull, England, as Britain's wind power rapidly expands. Siemens chose the Hull area on the east coast of England because it is close to other large offshore projects planned in coming years. The new plant is expected to begin producing turbine rotor blades in 2016. The plant and the associated service center, in Green Port Hull nearby, will employ about 1,000 workers. The facilities will serve the UK market, where the electricity that major power producers generate from wind grew by about 38 percent in 2013, representing about 6 percent of total electricity, according to government figures. There are also plans to increase Britain's wind-generating capacity at least threefold by 2020, to 14 gigawatts. In May 2014, Rolls-Royce Holdings, Rolls-Royce agreed to sell its gas turbine and compressor energy business to Siemens for £1 billion. In June 2014, Siemens and Mitsubishi Heavy Industries announced their formation of joint ventures to bid for Alstom's troubled energy and transportation businesses (in locomotives, steam turbines, and aircraft engines). A rival bid by General Electric (GE) has been criticized by French government sources, who consider Alstom's operations as a "vital national interest" at a moment when the French unemployment level stands above 10% and some voters are turning towards the far-right. In 2015, Siemens acquired U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion. In November 2016, Siemens acquired Electronic design automation, EDA company Mentor Graphics for $4.5 billion. In November 2017, the U.S. United States Department of Justice, Department of Justice charged three Chinese employees of Guangzhou Bo Yu Information Technology Company Limited with Chinese espionage in the United States, hacking into corporate entities, including Siemens AG. In December 2017, Siemens acquired the medical technology company Fast Track Diagnostics for an undisclosed amount. In August 2018, Siemens acquired rapid application development company Mendix for €0.6 billion in cash. In May 2018, Siemens acquired J2 Innovations for an undisclosed amount. In May 2018, Siemens acquired Enlighted, Inc. for an undisclosed amount. In September 2019, Siemens and Orascom Construction signed an agreement with the Iraqi government to rebuild two power plants, which is believed to setup the company for future deals in the country. In 2019–2020, Siemens was identified as a key engineering company supporting the controversial Adani Australia, Adani Carmichael coal mine in Queensland (Australia). In January 2020, Siemens signed an agreement to acquire 99% equity share capital of Indian switchgear manufacturer C&S Electric at €267 million (₹2,100 crore). The takeover was approved by the Competition Commission of India in August 2020. In April 2020, Siemens acquired a 77% majority stake in Indian building solution provider iMetrex Technologies for an undisclosed sum. In April 2020, Siemens Energy AG, Siemens Energy was created as an independent company out of the energy division of Siemens. The trading of shares of the new Siemens Energy AG on the stock exchange is expected to be possible from 28 September onwards. In August 2020, Siemens Healthineers AG announced that it plans to acquire U.S. cancer device and software company Varian Medical Systems in an all-stock deal valued at $16.4 billion. In October 2021, Siemens acquired the building IoT software and hardware company Wattsense for an undisclosed sum.


Products, services and contribution

Siemens offers a wide range of electrical engineering- and electronics-related products and services. Its products can be broadly divided into the following categories: buildings-related products; drives, automation and industrial plant-related products; energy-related products; lighting; medical products; and transportation and logistics-related products. Siemens buildings-related products include building-automation equipment and systems; building-operations equipment and systems; building fire-safety equipment and systems; building-security equipment and systems; and low-voltage switchgear including circuit protection and distribution products. Siemens drives, automation and industrial plant-related products include motors and drives for conveyor belts; pumps and compressors; heavy duty motors and drives for rolling steel mills; compressors for oil and gas pipelines; mechanical components including gears for wind turbines and cement mills; automation equipment and systems and controls for production machinery and machine tools; and industrial plant for water processing and raw material processing. Siemens energy-related products include gas and steam turbines; generators; compressors; on- and offshore wind turbines; high-voltage transmission products; power transformers; high-voltage switching products and systems; alternating and direct current transmission systems; medium-voltage components and systems; and power automation products. In the renewable energy industry, the company provides a portfolio of products and services to help build and operate microgrids of any size. It provides generation and distribution of electrical energy as well as monitoring and controlling of microgrids. By using primarily renewable energy, microgrids reduce carbon-dioxide emissions, which is often required by government regulations. . It supplied a sustainable storage produc and s microgrid to Enel Produzione SPA for the island of Ventotene in Ital. k. Siemens OSRAM subsidiary produces lighting products including incandescent, halogen, compact fluorescent, fluorescent, high-intensity discharge and Xenon lamps; opto-electronic semiconductor light sources such as light emitting diodes (LEDs), organic LEDs, high power laser diodes, LED systems and LED luminaires; electronic equipment including electronic ballasts; lighting control and management systems; and related precision components. Siemens medical products include clinical information technology systems; hearing instruments; in-vitro diagnostics equipment; imaging equipment including angiography, computed tomography, fluoroscopy, magnetic resonance, mammography, molecular imaging ultrasound, and x-ray equipment; and radiation oncology and particle therapy equipment. , Siemens finalized the sale of its hearing-aid (hearing instruments) business to Sivantos. Siemens transportation and logistics-related products include equipment and systems for rail transportation including rail vehicles for mass transit, regional and long-distance transportation, locomotives, equipment and systems for rail electrification, central control systems, interlockings, and automated train controls; equipment and systems for road traffic including traffic detection, information and guidance; equipment and systems for airport logistics including cargo tracking and baggage handling; and equipment and systems for postal automation including letter parcel sorting.
File:High-voltage in Iraq.jpg, A Siemens high-voltage transformer File:SPECT CT.JPG, A Siemens SPECT/CT scanner in operation File:Hannover-Messe 2012 by-RaBoe 098.jpg, A Siemens wind power generator File:Dampfturbine Laeufer01.jpg, A Siemens steam turbine rotor File:Lausitzbahn Connex in Weißwasser.JPG, A Siemens train in operation File:Bangkok Skytrain 03.jpg, Bangkok Skytrain built by Siemens


Operations

Siemens is incorporated in Germany and has its corporate headquarters in Munich. It has operations in around 190 countries and approximately 285 production and manufacturing facilities. Siemens had around 360,000 employees as of 30 September 2011. Electrification, automation and digitalization are the long-term growth fields of Siemens. Its businesses in these fields are bundled into nine divisions, while healthcare as a separately managed business. *Power and Gas, Siemens Gamesa, Siemens Gamesa Renewable Energy (spun off into Siemens Energy) *Power generation services *Energy management *Building technologies *Siemens Mobility, Mobility *Process Industries and Drives *Siemens Financial Services, Financial services *Siemens Healthineers, Healthineers *Automation and drive system for steel mills *Digital Factory (Software)


Research and development

In 2011, Siemens invested a total of €3.925 billion in research and development, equivalent to 5.3% of revenues. As of 30 September 2011, Siemens had approximately 11,800 Germany-based employees engaged in research and development and approximately 16,000 in the rest of the world, of whom the majority were based in either Austria, China, Croatia, Denmark, France, India, Japan, Mexico, The Netherlands, Russia, Slovakia, Sweden, Switzerland, the United Kingdom or the United States. As of 30 September 2011, Siemens held approximately 53,300 patents worldwide. Siemens has formed a strategic alliance with Technische Universität Darmstadt. File:Siemens Palais.JPG, Siemens' headquarters, Munich (front) File:Siemens München Martinstr.jpg, Siemens office building in Munich-Giesing File:Siemensturm 04.jpg, Siemens-Tower in Berlin-Siemensstadt File:Wernerwerk-Hochhaus, Siemensdamm 02.jpg, "Wernerwerk" (Werner's Factory) in Berlin-Siemensstadt File:SiemensstadtFürstenbrunnerWeg.jpg, Wernerwerk II in Berlin-Siemensstadt File:Wohlrabedamm - Wernerwerk XV (09085805) Berlin-Siemensstadt 002.jpg, Wernerwerk XV in Berlin-Siemensstadt File:Erlangen Himbeerpalast 001.JPG, Siemens office building in Erlangen File:Erlangen Siemens Glaspalast 002.JPG, Siemens office building in Erlangen File:Neuperlach-Süd Siemens.jpg, Siemens site in Munich-Perlach File:SiemensForum.jpg, SiemensForum München, Siemens Forum Munich File:Pelham Works - geograph.org.uk - 76691.jpg, Siemens Gas Turbine Factory, formerly Ruston (engine builder), Ruston & Hornsby Pelham Works, Lincoln, England


Joint ventures

Siemens' current joint ventures include: * Siemens Traction Equipment Ltd. (STEZ), Zhuzhou China, is a joint venture between Siemens, Zhuzhou CSR Times Electric, Zhuzhou CSR Times Electric Co., Ltd. (TEC) and Zhuzhou Electric Locomotive Co., Ltd., CSR Zhuzhou Electric Locomotive Co., Ltd. (ZELC), which produces AC drive electric locomotives and AC locomotive traction components. *Primetals Technologies a joint venture between Siemens VAI Metals Technologies and Mitsubishi Hitachi Metals Machinery formed in 2015. * OMNETRIC Group, A Siemens & Accenture company formed in 2014. Former joint ventures include: * Silcar was a joint venture between Siemens Ltd and Thiess Services Pty Ltd until 2013. Silcar is a 3,000 person Australian organisation providing productivity and reliability for large scale and technically complex plant assets. Services include asset management, design, construction, operations and maintenance. Silcar operates across a range of industries and essential services including power generation, electrical distribution, manufacturing, mining and telecommunications. In July 2013, Thiess took full control.


Finances

For the fiscal year 2017, Siemens reported earnings of EUR 6.046 billion, with an annual revenue of €83.049 billion, an increase of 4.3% over the previous fiscal cycle. Siemens' shares traded at over US$58 per share, and its market capitalization was valued at US$95.3 billion in November 2018. In November 2019, the company had higher fourth quarter earnings than expected, with adjusted earnings before interest, taxes, and Amortization (business), amortization totaling €2.64 billion ($2.92 billion), but warned of a slowdown, especially in the car sector, next year.


Shareholders

The company has issued 881,000,000 shares of common stock. The largest single shareholder continues to be the founding shareholder, the Siemens family, with a stake of 6.9%. 62% are held by institutional asset managers, the largest being two divisions of the world's largest asset manager BlackRock. 83.97% of the shares are considered public float, however including such strategic investors as the State of Qatar (DIC Company Ltd.) with 3.04%, the Government Pension Fund of Norway with 2.5% and Siemens AG itself with 3.04%. 19% are held by private investors, 13% by investors that are considered unidentifiable. 26% are owned by German investors, 21% by US investors, followed by the UK (11%), France (8%), Switzerland (8%) and a number of others (26%).


Senior management

Chairmen of the Siemens-Schuckertwerke Managing Board (1903 to 1966) * Alfred Berliner (1903 to 1912) * Carl Friedrich von Siemens (1912 to 1919) * (1919 to 1920) * (1920 to 1939) * (1939 to 1945) * (1945 to 1949) * (1949 to 1951) * Friedrich Bauer (1951 to 1962) * Bernhard Plettner (1962 to 1966) Chairmen of the Siemens & Halske / Siemens-Schuckertwerke Supervisory Board (1918 to 1966) * Wilhelm von Siemens (1918 to 1919) * Carl Friedrich von Siemens (1919 to 1941) * Hermann von Siemens (1941 to 1946) * Friedrich Carl Siemens (1946 to 1948) * Hermann von Siemens (1948 to 1956) * Ernst von Siemens (1956 to 1966) Chairmen of the Siemens AG Managing Board (1966 to present) * , , Bernhard Plettner (Presidency of the Managing Board) (1966 to 1967) * Erwin Hachmann, Bernhard Plettner, Gerd Tacke (Presidency of the Managing Board) (1967 to 1968) * Gerd Tacke (1968 to 1971) * Bernhard Plettner (1971 to 1981) * Karlheinz Kaske (1981 to 1992) *
Heinrich von Pierer Heinrich von Pierer (exactly ''Heinrich Karl Friedrich Eduard Pierer von Esch'') (born 26 January 1941 in Erlangen) is a German Management, manager. From 1992 to 2005, he was CEO of Siemens AG. Subsequently, he was chairman of the supervisory board ...

Heinrich von Pierer
(1992 to 2005) * Klaus Kleinfeld (2005 to 2007) * Peter Löscher (2007 to 2013) * Joe Kaeser (2013 to 2021) * Roland Busch (2021 to present) Chairmen of the Siemens AG Supervisory Board (1966 to present) * Ernst von Siemens (1966 to 1971) * Peter von Siemens (1971 to 1981) * Bernhard Plettner (1981 to 1988) * Heribald Närger (1988 to 1993) * Hermann Franz (1993 to 1998) * Karl-Hermann Baumann (1998 to 2005) *
Heinrich von Pierer Heinrich von Pierer (exactly ''Heinrich Karl Friedrich Eduard Pierer von Esch'') (born 26 January 1941 in Erlangen) is a German Management, manager. From 1992 to 2005, he was CEO of Siemens AG. Subsequently, he was chairman of the supervisory board ...

Heinrich von Pierer
(2005 to 2007) * (2007 to 2018) *Jim Hagemann Snabe (2018 to present) Managing Board (present day)"Managing Board"
''Siemens Global Website'', Retrieved 17 October 2016.
* Roland Busch (CEO Siemens AG) *Klaus Helmrich * Cedrik Neike (CEO Digital Industries) *Matthias Rebellius (CEO Smart Infrastructure) * Ralf P. Thomas (Chief Financial Officer, CFO) * Judith Wiese


See also

* Renewable energy commercialization


References


Further reading

* Shaping the Future. The Siemens Entrepreneurs 1847–2018. Ed. Siemens Historical Institute, Hamburg 2018, ISBN 9-783867-746243. * Weiher, Siegfried von /Herbert Goetzeler (1984). ''The Siemens Company, Its Historical Role in the Progress of Electrical Engineering 1847–1980'', 2nd ed. Berlin and Munich. * Feldenkirchen, Wilfried (2000). ''Siemens, From Workshop to Global Player'', Munich. * Feldenkirchen, Wilfried / Eberhard Posner (2005): ''The Siemens Entrepreneurs'', Continuity and Change, 1847–2005, Ten Portraits, Munich. * Greider, William (1997). ''One World, Ready or Not''. Penguin Press. . * Margarete Buber: 303f As prisoners of Stalin and Hitler, Frankf / Main, Berlin 1993 * See Carola Sachse: Jewish forced labor and non-Jewish women and men at Siemens from 1940 to 1945, in: International Scientific Correspondence, No. 1/1991, pp. 12–24; Karl-Heinz Roth: forced labor in the Siemens Group (1938 -1945). Facts, controversies, problems, in: Hermann Kaienburg (ed.): concentration camps and the German Economy 1939–1945 (Social studies, H. 34), Opladen 1996, pp. 149–168; Wilfried Feldenkirchen: 1918–1945 Siemens, Munich 1995, Ulrike fire, Claus Füllberg-Stolberg, Sylvia Kempe: work at Ravensbrück concentration camp, in: Women in concentration camps. Bergen-Belsen. Ravensbrück, Bremen, 1994, pp. 55–69; Ursula Krause-Schmitt: The path to the Siemens stock led past the crematorium, in: Information. German Resistance Study Group, Frankfurt / Main, 18 Jg, No. 37/38, Nov. 1993, pp. 38–46; Sigrid Jacobeit: working at Siemens in Ravensbrück, in: Dietrich Eichholz (eds) War and economy. Studies on German economic history 1939–1945, Berlin 1999. * Bundesarchiv Berlin, NS 19, No. 968, Communication on the creation of the barracks for the Siemens & Halske, the planned production and the planned expansion for 2,500 prisoners "after direct discussions with this company": Economic and Administrative Main Office of the SS ( WVHA), Oswald Pohl, secretly, to Reichsführer SS (RFSS), Heinrich Himmler, dated 20 October 1942. * Karl-Heinz Roth: forced labor in the Siemens Group, with a summary table, page 157 See also Ursula Krause-Schmitt: "The road to Siemens stock led to the crematorium past over," pp. 36f, where, according to the catalogs of the International Tracing Service Arolsen and Martin Weinmann (eds.).. The Nazi camp system, Frankfurt / Main 1990 and Feldkirchen: Siemens 1918–1945, pp. 198–214, and in particular the associated annotations 91–187. * MSS in the estate include Wanda Kiedrzy'nska, in: National Library of Poland, Warsaw, Manuscript Division, Sygn. akc 12013/1 and archive the memorial I/6-7-139 RA: see also: Woman Ravensbruck concentration camp. An overall presentation, State Justice Administration in Ludwigsburg, IV ART 409-Z 39/59, April 1972, pp. 129ff.


External links

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